for the d.p.m. here in moscow you would r.t. a recap of the headlines now prances president suffers on historic slumping popularity back home after his military adventures in libya and the ivory coast recent polls show he's become the country's least popular leader ever just to to prepare for next year's election. russian police say a high level terrorist suspect with links to several moscow bombings has been killed in the southern russia it happened after a routine i checked turned into a major shootout. and politics in finland is threatening to ruin the hopes of

a bailout for the financially stricken e.u. countries nationalists made major gains and threatened to veto rescue rescue packages for nations like portugal. and up next year an artsy as it's been an oil prices cause instability in the world's markets russia's finance minister tells us how the impact will be felt. high oil prices isn't such a good thing for the russian economy or there's a downside to it to get an answer to that question and more we're sitting down with russia's finance minister and stick with it thank you very much for your time i figure anybody as those uprisings spread throughout the middle east and north africa or prices have advanced nineteen percent since the beginning of the year what are they doing and the losses pluses and minuses of such as piped in prices

for russia the world's number one well exporter i think when you're saying is that this will certainly slow down the global economy as a whole it will bring them to mount including energy demand and therefore at the end of the day all prices will have to go down to that's one thing and other thing is that such price volatility when the prices swing up and down is a big challenge for investors well production investors need to have clear benchmark prices and therefore see so prices make investment process is very difficult you know so many are saying well the rush against billions of dollars from high price oil sales in the long run it may actually hurt the russian economy is a problem of how that super profit is managed and they invested in inside russia. and the thing is that whenever the praise grow significantly over a short period of time russia gets a large influence petro dollars and that either causes inflation which again hinders investment into russia as inflation causes the interest rates to go up or

leads to the stripping of the ruble a stronger ruble leads to poor export performance and increased import volumes and makes imports cheaper that's making the imported goods competitive with domestic ones and this was the only domestic production rates therefore such an influential dollars can have a negative impact on the russian government puts part of these profits aside as a reserve in order to avert there's a negative impact let's talk about currencies help. pendent is the russian currency the rule on oil prices and how stable is its worth now and what to expect in the future. so. right now we're strengthening the ruble a bit due to the increased oil prices we surely understand that they won't stay this high for a long while it could last for twelve or eighteen months but not in the long term that's one thing the other thing is that the stronger ruble leads to increased import volumes which causes a flow of funds russia pays for the import and so the money in a way returns where it belongs thus high oil prices at the end of the day get

ground state by the increased imports which ultimately leads to the ruble stabilisation we didn't expect any significant changes to the ruble from a two to three year perspective. at the recent meeting of the brics nations brazil russia india china and now south africa their development banks agreed to open credit lines in in their national currencies rather than the world's reserve currency the u.s. dollar is at the beginning of the end for dollar dominance what is your assessment . you shouldn't overestimate these measures the talk was about simplifying procedures for businesses which may prefer to switch to other currencies and thus facility cooperation between banks limiting these transactions simply by a loan them on our markets under any circumstances nor reserve currency freely convertible for the world's major currencies will be able to come near to competing

with the dollar for many years ahead i said recently for at least twenty years into the future on the other hand the arrival of the euro is in itself a big step putting pressure on the dollar and when the eurozone lives to overcome its present difficulties and i'm sure it will the euro significance and the global economy will continue to grow. which is the us is facing the debt crisis now europe is facing a debt crisis where does russia stand when it comes to borrowing. russia is one of those countries which are doing very well in the national debt at the moment our national debt is about eleven percent of the g.d.p. just think that the maastricht treaty on european union sets the top limited sixty percent of g.d.p. most developed countries have either come close to or gone beyond this limit and over the next five years will see the average national debt figure grew almost by one hundred percent thus entering the risk zone which is unfavorable for the global economy for instance we know that italy's current it exceeds one hundred percent

and japan's there's over two hundred percent of these countries are already in the risk zone that's russia looks pretty good compared to their situation hurt president medvedev say many times the only way for russia to break out of dependency on natural resources is to modernize its economy. how's that process going. you see we have these objectives stated and i want term development plan after twenty twenty the plan was developed before the crisis and that's modernization is our objective we have a large number of modernization projects on our budget we do. then and then during the crisis instead we increase their number so all of our current priorities are linked to modernization and most important one fundamental goal of modernization this to bring down inflation and interest rate on credit in this case will be able to modernize all the basic sectors of the economy a need for equipment renovation is huge and all sectors from oil refining in the

metal industry to engineering and space and aircraft industry as well as well logical and none of the technology practically in all spheres this process is underway today do you want me to name the industries that are being modernized most efficiently among them are the engineering and chemical industries cilia laws and paper industry the process is now also octave in the processing industry first of all and home electronics production a lot of new factories have been built recently the process is spread to more pharmaceutical and automotive industry is a lot of foreign companies have made their way into the russian market and started introducing a new state of the art equipment that is contributing to the modernization process in these industries even google after virus is included in the modernization project so one a solution gradually comes to all branches of industry but it can be completed promptly if the credit interest rate is not lord how much will accession to the world trade organization contribute to that goal or not innovation.

it will definitely help to modernize russian industry because the country will obtain free access to new technology equipment and of course foreign investors will realize that if they launch production in russia the goods they produce will go to all the markets of the world unhindered today the assets for russian products to the world markets is rather limited and there seems to be no point in investing in russian industry which is barred from international markets and intended for internal use only that's why once we have joined the w.t. or more focus will be made on investments in a western market oriented production say for the c.i.s. and. europe or even asia and other regions of the world to. which. i know you said russia could join the world trade organization as early as this summer we know that the us administration is all for it but there is there a congress that has to lift the jackson and then it amendment then judging by the way by their ability to start things that are the most when when deals like i

remember the debate over the start treaty and it was it was amazing how tense it was how political rather than substantial what do you expect from u.s. lawmakers on this one on jackson and then a commitment. to the jaxon van a commitment does not pose any real obstacles to russia's accession to the beach we'll i mean if the lifting of this amendment is delayed it doesn't mean russia will have to abandon its intention to join the w t your it will limit the u.s. presence on the russian market cooperation between russian and american companies will be affected and russian treated relations with other countries will be defined by the w t o regulations that's a see american companies are in greater need of waving their management than we are once again russia's w entry can be assured with him in and still in force but if obama's support of the step in the parliamentary backing in his country politically it will be a certain sign for us we'll draw our own conclusions. it's interesting

everybody here in washington says they would like to see more open more transparent in terms of doing business but now their bush is willing to accept that set of rules set by. which will make it more open and transparent there are still forces of calling it in the common sense behind it. that the technical problems we have faced in the way towards the b.t.o. basically involve the creation of special rules for individual sectors of the u.s. economy and u.s. companies we have been working on this in the speed of intellectual property and have resolved the issue and we've been working on sun tree control and resolve the problems existing here we have also discussed the issue of american chicken meat import quarters each time the issue got more and more difficult to resolve a lifting of the jackson ban a commitment was linked to tackling one such as you i think the situation is drawn absurd for example one of the soviet human rights advocates and that would serve

terms in various prisons of russia over time when the amendment in question was introduced and it was designed to grant such people the right of free immigration from the soviet union told me that i went to prison and for reasons other than the u.s. poultry imports and i think the amendment should finally be lifted the whole situation has long gone over to. let's go back to some of the things the russian government is doing to make the economy more efficient like selling large stakes of state assets to private owners or removing high ranking government officials from say companies management boards is a better way of reducing government influence on business and how does it work. with. of course that is what these measures are aimed at reduction of state influence over business and the stimulation of competition in the market yes i believe it's the most important step is the sale of state holdings of shares it deals with the largest shareholdings of oil producers and banks and also ship building companies and others there was draw

a state official. strong boards of directors substantially reduces the influence of top officials but nevertheless the state will not cease influencing these companies remember that they are state owned so it's more important to focus on selling the enterprises. where you are going to lose your seat at the border of the world's biggest diamond producing company for example a company will be better off without you. you know we have approached a very important decision and are also for years we have been consolidating the company's assets revising its property and reducing the costs of diamond mining and only two months ago it had its i.p.o. and became a g.s. c i think or feel that has set at least i consider them fulfilled because of it. finance minister for more than that decade now what do you think is your biggest success any decisions that you regret so. i think it can be credited with setting up a consistent well balanced budgeting system in this country had rather

a high level of economic growth in the pre-crisis period are expected to go up to a pre-crisis mark of five to six percent in the next three to four years and it will be another achievement but even the current policy has brought some major results first of all its establishment of the russian federation stabilization fund and then the reserve fund and the national welfare fund that help russia to survive the crisis are much better than most and you see even at the recent i.m.f. session it was recognised and the i.m.f. session report proves that that russia has managed to retain financial stability this save the deposits as well as the well being of millions of russians and it is the result of the policy we carry data i am proud of it thank you so much for your time.

we live in a country that don't understand that there's more violence in the streets of this country than there are in the streets in afghanistan or baghdad. is one of them to disprove your racial. bias of. the. road you're there's room for you in. the streets of the. wealthy british style.

markets why not. come to. find out what's really happening to the global economy with might stronger or a no holds barred look at the global financial headlines tune into kaiser report on our. crisis president suffers an historic slump in popularity back home after his military adventures in libya and the ivory coast recent polls show he's become the country's at least popular leader ever just as he prepares for next year's election. russian police say a high level terrorist suspect with links to several moscow bombings has been killed in southern russia it happened after a routine i.d. check turned into a major shootout. on politics in finland is threatening to ruin the hopes of a bail out financially stricken e.u. countries nationalists have made a major gains and threatened to veto the rescue packages from nations like portugal

. and that more news in about fifteen minutes time but for now it's the sports with kate. hello welcome to the sports these thank you for joining me and here are the headlines spotlight sliding overnight lended for doing pledges no cash off the coach but i recall being sees his second bottom side slot for another diffuser tangy. while the dons lost also in bengal senses and out of the title hopes a dentist by a late draw with liverpool. and job done in russia are set to meet the czechs in the fed cup final after watching italy here in moscow. the first football and start like i need to do now has pledged to spend more money and back under pressure coach valorie can happen after his moscow side lost two once angie on sunday just a second bottom of the russian premier league and were recently thrashed ten three

on aggregate porto in the europa league and blamed his players for a lack of concentration following the loss of where his record was threw away their early lead head after just six minutes to seventy come over off butts and levelled after half an hour and simply the ball. down hand what they need lies a defense in disarray. and it's sixty minutes to go there is they began frankie's one zero one one and one runs highest to help six spot cycle one just north of that by not just stayed side to fall for last season but it's a solid week for the last ice like this eighteen long transition season. however there is a happy times with a star who went top of the winning team will attempt to turn non-routine martin's all this is a tough effective shot who was goalkeeper segovia's it off with hindsight ahead then say do you realize it was in the right place to make it so you know shortly

after the break. and. six minutes to go means they went from bad to worse to defend salvatore because it's too quick yellow cards to see red men from cars and stick to seventh. and areas in need has temporarily gone south after winning three one at struggling car lengths that you're not making the most of some suspect the same way it was does a head after twenty minutes and it didn't take long to double whaley's just four minutes in fact danny cramming his mazy run with a fine into the to go. and meet wrapped up victory with ten minutes to go as alexander who cut off strolled around and caused offense to make it through you know. the i mean how little did grab a stoppage time consolation for the home side that's in china's places men row that constitute to. the bottom. new boys blow the missed the chance to regain top

spot after they lost to a late goal motif michael meehan as doing of scoring with eight minutes remaining the goalie called off the mark i think deflection topped off the record the second of the season then and the top half holder. so a quick look at the table there at the top still unbeaten and with a game in hand there was a mate who i love a long stints but also had the worst goal difference and then there are three teams just a point further back a goal go unbeaten club three one while at the other end this was a loss to our second from the top and it even dropped to the bottom of tome when that's on top notch it back natch kicks off in just a few minutes now to ca currently eleven and could rise as high as sixty with a victory but in place tom have yet to score a goal so far this season. and of an england asked manager arsene wenger has complained about the amount of injury time played in his side's one one hundred liveable the reds equalized the last kick of the game in the twelfth minute of

added time severely denting the gunners title hopes fears or injuries. there were eight minutes of stoppage time and we're going to still face snatched a vital win by robin van persie slotted in and ninety eight and also liverpool with that awarded a spot kick themselves into can't score it after a hundred two minutes thank you said he didn't know whether for extra race it comes from the guns are second in the early but six points behind plans tonight is the six games left to play. well at wembley stoke reached their first ever f.a. cup final after trashing bolton five nil the highest semifinal score since nine hundred thirty nine but you have internet in the first from the edge of the box center half robot this is that ottis top score so far this season. and some distance and within thirty minutes stoke had stretched their lead to serino to come in jones. in the second half so more of the same studs john walters finding that's not a. this is not was completed when the same man struck again to make it five

meet in cyberspace manchester city in the final at wembley and made a few things. he wanted and it's russia us through to the third cup final for the first time in three years after white washing defending champions italy here in moscow and the tree sets up a final against the czech republic back in the russian capital in early november after wins both i think singles russia needs just one more win on sunday and directive on arrival led them to victory a straight set win and one of the activists in the world number three had few problems taking the first set six ball second six to think it was one of the most emotional victories. in a different era of a very emotional day for me because i knew this would give my third point the point also if ever there was a tough match in. tough opponent to play a trick or opponent and i knew that when i was going into the match i think i did

well because i played well the key points. that i want this match and definitely one of the most emotional moments in my career. and even though that victory secured their passage to the new russia did not let up between going on sunday afternoon and i started by the changes that just eggs are iranian the last singles match and russia went on to win the doubles. and the czechs which their place in the final with a three two win over belgium the match was tied to off to the singles matches and all around the doubles and if they'd been a sober. of other states so back out on top getting the better of kirsten thickens . it my six score six four. and meanwhile rafael nadal is looking good for next month's french open after winning his son's wanting carlo masters title in a row he beat david ferrer in straight sets and remains on beating on clay since two thousand and nine this all has now won his last thirty seven matches in this

tournament and the school was in control in the final breaking free was sent six. and then sharing breaks in the second and broke eleventh game and served for the match but afterwards the world number one thought it. was a fair. weather very difficult margin i think in general. after the match of yes they were there was a little bit. of it always is very very difficult to play again as well so it was a wonderful not only for him because he had a fantastic start of the season so for him i think it is a winning one by the way he was in semifinals last year here find him. here so i was him all the best for the rest of the season. now let's take a look at the first round of the n.b.a.

playoffs and in the four games taking place on sunday the memphis grizzlies crane's their first ever playoff victory as they beat san antonio by one hundred points to ninety eight chambers he is three points only twenty three seconds to go see was the winner of the l.a. lakers the last one hundred and ninety to one hundred into the hornets and the other two matches boston new york denver got the better oklahoma. goth and it turned into the battle of the rockies at the texas open but brendan still held his nerve to claim his first title trying his first season on the p.g.a. tour however he was chased by kevin chappell he is also in his first season on the tour and you can grab a share of the leader leon after sending his ball close to the pin on the tenth chapel eventually finished tied for second with charlie hoffman who had one of the shots of the day. still the more subtle study around twenty eight year olds. this part of our winning event and collect

a paycheck not just over one of the hard earned dollars. and italian teenager retirement asteroid has won the malaysian eye and which was a nice early birthday present and he's eighteen on tuesday and that's right finish the shots ahead of greg aboard if france michael roy green played it during the final round of last week's masters and two shots back insert. chinese grand prix when i lewis hamilton has described this weekend's race as one of the best he's been in the mclaren driver pit red bull sebastian vettel to the chucking flag following a dramatic battle for the lead that started on pole but hamilton has to reach jenson button past the journey to really get away off the line honestly did he lose his position in the first round of stops at the break made the most of vettel and made his fresh tires work he past button philippe masses for ari and city's rosberg before overtaking bethel with four laps to go but it was nick she said place on the

ultimate lap rebels mark webber supervision from eighteen to grace. the troubles night in his run a one hundred thousand is now just eighteen points behind i thought the championship. was. one of the best races are i experience where this year you know guys are out for me and have to do quite a lot of overtaking but from the looks of the guys i'm back with perjury and the garrity really put their hearts into their in the car and making the call the best they can be every weekend and feels amazing to be able to bring her bring home a victory for. finally to the london marathon where russia's defending champion video of that was beaten into second place by mary kate sonny of kenya qatari broke away after fifteen last amount of time of two hours nineteen minutes and seventeen seconds defending champion and favorite about was a minute behind in second with a personal best time while another can you have got it was the third the men's race

was also dominated by kenyans in my new website running this record two hours zero minutes and thirty eight seconds. martin well. second and third respectively. and that's all sport i think. it's. great for the field we've got to tell the biggest issues get a human voice face to face with the news makers.

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